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Title
Imperfect Information and Credit Rationing Equilibrium: Evidence from Egypt |
Full text
http://www.bepress.com/cgi/viewcontent.cgi?article=1039&context=rmeef |
Author(s)
Alaa El-Shazly |
Abstract
This paper investigates the empirical significance of the concept of credit rationing equilibrium. The evidence from a disequilibrium model of the credit market with application to Egypt provides support for this concept. In particular, loan supply is not found an increasing function of the return on intermediated credit. Also, expectations on the state of the economy appear to explain the changing pattern of credit rationing over time. - Imperfect information, Loan contracts, Credit rationing equilibrium |
Type of publication
article |
Identifier
RePEc:bep:rmeecf:3:2005:2:4 |
Repository
RePEc - Research Papers in Economics
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Added to C-A: 2009-03-24;10:20:27 |
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